Config SAP MM Asset/Service Procurment

Question

Hi
Can anyone please explain the configuration steps for Asset procurement and service Procurement in SAP MM portion.
Please help me out.
Thanks
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Edited by: Jeyakanthan A on Aug 2, 2011 11:16 AM

Answer 1

Hi,
In service procurement, you need to create a service master(AC03) , you need to enter valuation class & in OBYC, you just assign need to assign GR/IR Clearing (service) with G/L account only & no valuation class for service assignment requires  in OBYC setting for service.
Service order or purchase order created with Acc. assignment ' K' and Item category 'D' , the system automatically pick UOM is "1" activity unit in Item Overview and in item details you need to maintain the service master ,UOM, quantity & price /unit and then G/L account with cost center .
During SES(ML8N), you are just recognizing vendor performed service where you can have cost object(cost center) with service master with quantity etc.....No FI document created after creating/maintaining the Service Entry Sheet in ML81N but once you release the Service Entry Sheet, then only FI document created.
If GR valuated for service procurement: You will have accounting entries:
During SES release:
Service account: Dr
GR/IR(service) :Cr
During IR
GR/IR(service) :Dr
Vendor A/C: Cr
Service tax A/C: Dr
For asset ,check the linkS:
Re: Asset accounting
http://www.sapebooks.com/info/financial-accounting/sap-assets-accounting-procurement-cycle/
Regards,
Biju K